Using Employer Benefits to Strengthen Your Financial Transition

Transitioning from military to civilian life often means adjusting to a new paycheck, new expenses, and new responsibilities. What many Veterans don’t realize is that civilian employers often provide benefits that can help ease this transition and strengthen long-term financial confidence — if you know how to use them.

Here are four employer benefits that are often underutilized, but can make a big difference in your financial journey after service.

1. Take Advantage of Retirement Contributions (401(k) or 403(b))

One of the most powerful financial tools in the civilian workplace is an employer-sponsored retirement plan. Many employers will match a portion of what you contribute to your 401(k) or 403(b).

• Example: If your employer matches 50% of contributions up to 6% of your salary, contributing the full 6% means you’re getting “free money” toward retirement.

• Even small contributions add up over time thanks to compound interest.

This is an opportunity many Veterans skip because they feel stretched thin — but starting small is better than not starting at all.

2. Employee Assistance Programs (EAPs)

Civilian employers often offer Employee Assistance Programs that go beyond mental health support. EAPs may provide:

• Free or reduced-cost counseling

• Financial education and debt management resources

• Legal assistance

• Childcare or eldercare resources

These services can reduce out-of-pocket costs while also giving you access to expert help during a stressful transition.

3. Tuition Reimbursement and Career Development

Your GI Bill is a powerful resource, but it’s not the only one. Many employers offer tuition reimbursement for classes, certifications, or degree programs. Some even cover the cost of professional development workshops and training.

Taking advantage of these benefits can reduce education costs and help you move into higher-paying roles faster.

4. Healthcare FSAs and HSAs

Health care costs can feel overwhelming after leaving the military system. Civilian employers often offer:

• Flexible Spending Accounts (FSAs): Use pre-tax dollars to pay for qualified health expenses.

• Health Savings Accounts (HSAs): Available if you’re enrolled in a high-deductible health plan. HSAs not only reduce taxable income but also allow unused funds to roll over year to year.

Both options reduce your tax burden and give you a way to plan for future medical expenses.

If you’re transitioning from service, take the time to review your employer’s benefit package. Using these tools can put you on a stronger financial footing today while also building long-term wealth and security.

Take the Veteran Saves Pledge today and commit to building financial confidence. We’ll send you tips, resources, and reminders to support your goals every step of the way.